Sales of new homes in the US jumped in May, but…

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U.S. new home sales jumped 7.1% in August, as low mortgage rates. But new construction has yet to meet the demand from likely buyers, so the. the jump in new home sales may signal a strengthening housing market.

Home-contract signings were higher than expected in May, which is. A real estate agent shows a prospective home buyer a house for sale. The numbers: Pending home sales jumped by a seasonally adjusted 1.1% in May but were. ” Home builders have not ramped up construction to the extent that is.

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Nationwide sales of new homes soared in May, thanks almost entirely to activity the South. Purchases of new single-family homes rose 6.7 percent last month to a seasonally adjusted annual rate of.

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New home sales jumped to a seasonally adjusted annual rate of about 692,000 in March, an increase of 4.5% compared with February and up 3% compared with March 2018, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Regionally, new home sales fell 17.6% in the Northeast, [.]

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Americans bought new homes in October at the fastest pace in a decade – a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally adjusted annual rate of 685,000.

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 · Housing Starts in the United States averaged 1429.56 Thousand units from 1959 until 2019, reaching an all time high of 2494 Thousand units in January of 1972 and a record low of 478 Thousand units in April of 2009. Housing Starts refer to the number of new residential construction projects that have begun during any particular month.